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Thread: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

  1. #31
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Thanks. I was trying to say that but tripped over my tongue.


    Quote Originally Posted by AlabamaPaul View Post
    Actually, it's $250K per institution, not account...

  2. #32
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by poweRob View Post
    I find it just sad that you refuse to
    acknowledge good news when you hear it simply because it wasn't brought to by someone with an R next to their name.
    Talk about a "refusal to acknowledge " .

    It's left wing contrived BS, "Too Big to Fail". They made a movie and everything. It left ALLOT of pertinent data out of it.

    I use to think that left wing politicians voted to bail the banks out because to not wouldv'e caused a collapse.

    Turns out, they were into the Sub-prime collapse up to their eyeballs.

    You DO realize there is 6 trillion in sub-prime debt on the Treasuries booms right ? From the BANKS ?

    Nah, from the GSEs who under mandate to buy crap mortages, bundle them up with good paper, and push them out into the investment markets.......

    Lol...and you blame the banks.

  3. #33
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    I agree too. The big banks are not consumer friendly and are unfair competition with smaller independent banks, S7ls and credit unions. They also are too great a risk to the economy.

  4. #34
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by poweRob View Post
    Democratic Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Ohio Sen. Sherrod Brown (D) took the Senate floor today to argue against Wall Street mega-banks that have been deemed “too big to fail” and thus receive the implicit backing of the federal government, arguing that lawmakers should act immediately to break up the big banks that now have assets worth more than three-fifths of the American economy.

    Between Sherrod Brown and Elizabeth Warren, I sure hope we can get some traction on moving this along. Whining that we can't do anything about a bank that is too big to fail is basically saying that they are guaranteed backed with future taxpayer bailouts no matter how they perform their business.
    They should not stop with the banks, in fact they should not stop until Wall Street is torn down.

  5. #35
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by cpwill View Post
    Exactly why we need to separate investment banks from commercial banks -

    From above: "The largest U.S. banks — J.P. Morgan Chase (US:JPM), Bank of America (US:BAC), Citigroup (US:C), Wells Fargo (US:WFC) and Goldman Sachs (US:GS) — have gotten larger since the crisis. These five banks have assets equivalent to 55% of U.S. gross domestic product, up from 43% of GDP in 2006. They dominate the U.S. financial system, with more than 40% of bank deposits and assets.:
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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